Teachers Retirement System of The State of Kentucky Sells 114,200 Shares of Expedia Group, Inc. $EXPE

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 92.2% during the first quarter, Holdings Channel reports. The institutional investor owned 9,632 shares of the online travel company’s stock after selling 114,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Expedia Group were worth $2,224,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC purchased a new stake in Expedia Group in the 4th quarter worth approximately $25,000. Entrust Financial LLC bought a new stake in Expedia Group during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC lifted its holdings in Expedia Group by 78.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 100 shares of the online travel company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in Expedia Group during the fourth quarter valued at approximately $29,000. Finally, DV Equities LLC purchased a new position in Expedia Group during the fourth quarter valued at approximately $46,000. 90.76% of the stock is currently owned by institutional investors.

Expedia Group Trading Up 0.2%

Shares of EXPE opened at $266.28 on Wednesday. The firm has a market cap of $32.63 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 0.70 and a beta of 1.23. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.73 and a quick ratio of 0.73. Expedia Group, Inc. has a 1 year low of $174.05 and a 1 year high of $303.80. The company has a 50 day simple moving average of $238.72 and a two-hundred day simple moving average of $244.87.

Expedia Group (NASDAQ:EXPE) last released its earnings results on Thursday, May 7th. The online travel company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.41 by $0.55. Expedia Group had a net margin of 9.81% and a return on equity of 84.33%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts expect that Expedia Group, Inc. will post 16.98 earnings per share for the current fiscal year.

Expedia Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, May 28th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, May 28th. Expedia Group’s payout ratio is currently 16.90%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Susquehanna increased their price objective on shares of Expedia Group from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. B. Riley Financial lowered their target price on shares of Expedia Group from $360.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Argus lifted their target price on shares of Expedia Group from $270.00 to $315.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Barclays upped their target price on shares of Expedia Group from $260.00 to $264.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Weiss Ratings lowered Expedia Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Sixteen research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Expedia Group currently has an average rating of “Hold” and an average target price of $286.58.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, CAO Lance A. Soliday sold 940 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $221.86, for a total transaction of $208,548.40. Following the completion of the transaction, the chief accounting officer owned 14,083 shares of the company’s stock, valued at $3,124,454.38. This represents a 6.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Dzielak sold 4,702 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $233.00, for a total value of $1,095,566.00. Following the transaction, the insider owned 105,448 shares of the company’s stock, valued at approximately $24,569,384. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.20% of the stock is owned by insiders.

About Expedia Group

Expedia Group (NASDAQ: EXPE) is a global travel technology company that operates an online marketplace connecting consumers, travel suppliers and third?party partners. The company’s platform enables search, comparison and booking of travel products and services, including hotels, airline tickets, vacation rentals, car rentals, cruises and packaged travel. Its portfolio comprises consumer-facing travel brands as well as corporate travel solutions and technology services that serve both leisure and business travelers.

Key offerings include consumer booking platforms and mobile apps that aggregate inventory from hotels, vacation rental managers, airlines and car rental companies, alongside ancillary travel services such as trip insurance and activities.